Rolls-Royce Limited is a renowned English car-manufacturing company and later, aero-engine manufacturing company founded by Charles Stewart Rolls and Sir Frederick Henry Royce on 15 March 1906 as the result of a partnership formed in 1904. In addition to the company’s reputation for superior engineering quality of which has led to its epithet as the “best car in the world”, Rolls-Royce Limited was known for manufacturing the high-powered “R” engines responsible for land and air speed records as well as successful performances in automobile racing.
Rolls-Royce Motor Cars and Rolls-Royce plc are two completely and distinctly different companies. The two companies branched in 1998 after BMW licensed the rights to the Rolls-Royce brand name and logo from Rolls-Royce plc and acquired the rights to the Spirit of Ecstasy emblem and Rolls-Royce grill shape trademarks from Volkswagen AG. Rolls-Royce plc is a British multinational public limited company incorporated in February 2011 that owns Rolls-Royce, a business established in 1904 which today designs, manufactures and distributes power systems for aviation and other industries. Clear as mud? Now that the groundwork is out of the way, Rolls-Royce Motor Cars issued a statement today clarifying their financial standing. This was issued after Rolls-Royce plc that it is scrapping thousands of white-collar posts at the jet-engine giant in a bid to redress the balance and unleash the potential of an 80 billion-pound […]